ARTICLES ABOUT ECONOMIC ADVISORY COUNCIL BY DATE - PAGE 4

NEW DELHI: Speculative activities in the forex market should be curbed and short-term measures are needed to take corrective action to arrest the fall in the rupee, which hit an all-time low today, Prime Minister's Economic Advisory Council ( PMEAC ) Chairman C Rangarajan said today. The rupee dropped to a record low of 61.80 against the dollar today and recovered to end with an 11-paise gain at 60.77. "In the short term, there should be measures to take corrective actions.

TEZPUR (ASSAM): Dr C. Rangarajan , chairman of Economic Advisory Council of the prime minister, Dr Manmohan Singh and former Governor of Reserve Bank Of India (RBI) current account deficit as proportion to GDP is expected to be around 4.7 percent. Rangarajan who was in Tezpur University to inaugurate a programme of Indian Statistical Institute said" This is lower than last year however in a absolute terms it will be not much. It will require actions over a period of year to bring it down to 2.5 percent of GDP. It may take some time to achieve this.

TEZPUR: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today said Indian economy will grow up by 6 per cent this fiscal on account of a good monsoon. "It can be said that the growth of the gross domestic product ( GDP ) will be 6 per cent...as the monsoon is favourable, reflecting increasing public sector investment," Rangarajan said at an event in Tezpur University here. Earlier this month, Rangarajan had said India's economic growth rate is expected to be at least 6 per cent in the 2013 -14 fiscal.

Going against the popular notion that investments stall has slowed India's economy to a decade low 5% growth last year, government's go to man for policy issues C Rangarajan , says the key issue is that India is not getting enough output from investments. In an interview with ET, chairman of prime minister's economic advisory council says the time is not right for a sovereign bonds issue despite high current account deficit. You were the RBI governor in 1991 and 1997. Is the current episode comparable to those crises?

NEW DELHI: The country's economic growth rate is expected to be more than 6 per cent in this fiscal, Prime Minister's Economic Advisory Council ( PMEAC ) Chairman C Rangarajan has said. "The growth rate in the current fiscal will be more than 6 per cent. We had originally projected the growth rate at 6.4 per cent," Rangarajan told private news channel CNBC TV18 in an interview. The growth rate in the last fiscal year is estimated at 5 per cent, which is a decade low number.

NEW DELHI: In a strong signal that the government does not agree with RBI's assessment of the economy, the finance ministry on Friday said India would grow at least 6% in the current financial year, citing a pickup in investment and rising investor confidence. RBI has projected the Indian economy to grow at 5.7%, which is lower than even some private forecasts. "Let me assure you the growth rate will not be below 6%. Investments are picking up, there are green shoots. The sentiment is improving, FDI is increasing.

NEW DELHI: The Reserve Bank's decision to cut the key interest rate by 0.25 per cent to 7.25 per cent is a measured response to the current economic situation, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said today. "It is a measured response to the current economic situation. WPI inflation has shown signs of decline and the retail inflation still remains at a high level, CAD is also high," Rangarajan said. The overall inflation in March fell to 5.96 per cent.

NEW DELHI: Plan panel Deputy Chairman Montek Singh Ahluwalia today expressed confidence that the current account deficit will come down to 2.5 per cent of GDP in the next two to three years from about 5 per cent currently. "Traditionally we have seen it (current account deficit) at 2.5 per cent of the GDP at comfortable level. I think we will take at least two to three years to get there...I think this country for another 20 years can run CAD at around 2.5 per cent of GDP," he said.

NEW DELHI: A day ahead of its meeting with the finance ministry , ratings agency Standard & Poor's has debunked the idea that the economy was on the mend, flagging low growth and high inflation as areas of concern. The ratings agency has a negative outlook India's barely investment grade BBB- rating, which implies that the country faces a risk of downgrade. "India, on the other hand, continues to struggle, grappling with low growth and relatively high inflation. Economic data in early 2013 have not been encouraging," the ratings agency said on Wednesday in a statement.

NEW DELHI: C Rangarajan , Chairman of Prime Minister's Economic Advisory Council (PMEAC) said that big bang reforms of the type of early 1990s will not happen again. Now is the time for incremental change, he said at an economic summit here. Rangarajan said that there have been incremental changes in last 6 months. Rangarajan said the action taken by the government to speed up project clearances since September would be visible in the current fiscal. He advised the government to take more adequate measures to achieve higher growth in the economy.